You are here

2016 ARMM Gross Regional Domestic Product

May 8, 2017 • Press Release • Ref No.: PR-ARMM-17-001

ARMM economy rebounded at positive 0.3% in 2016

ARMM's economy, as measured by the Gross Regional Domestic Product (GRDP), rebounded from negative 0.4% in 2015 to positive 0.3% in 2016, at constant 2000 prices. ARMM was among the 10 regions in the country which have posted accelerated economic growth in 2016.

Table 1. Comparative GDP Growth of the Philippines and ARMM: 2014-2015 and 2015-2016

AREA

2014-2015

2015-2016

REMARKS

Philippines

5.1%

6.9%

Accelerated

ARMM

-0.4%

0.3%

Rebounded

Source: Philippine Statistics Authority

ARMM’s contribution to GRDP increased

ARMM’s contribution to the total GDP of the Philippines in 2016, which was 6.9%, increased from negative 0.003% to positive 0.002%.

The positive growth of the ARMM economy for 2016 was attributed to the acceleration of the service sector at 5.2% and rebounding of the industry sector at 3.2%. which have offset the significant decrease in the performance of the Agriculture, Hunting, Forestry and Fishing (AHFF) sector of the region.

About 1.9% of the growth in ARMM GRDP was brought by the service sector. All of the subcategories under this sector have posted positive growth in 2016, particularly on the trade and repair of motor vehicles, motorcycles, personal and household goods (8.0%); real estate, renting and business activities (2.1%); public administration, defense and compulsory social security (5.4%); and other services (7.6%).

Industry sector contributed 0.2% to the GRDP growth. Furthermore, the 64-point increase in the construction (22.1%) caused the economic growth rebound in the Industry Sector of the region.

ARMM was the only agricultural region in the country in 2016

On the other hand, both the Agriculture and Forestry and Fishing subsectors decreased to negative 0.9% and negative 9.0% in 2016, respectively. This resulted to a negative 3.0% growth in the AHFF sector of ARMM, which have contributed negative 1.7% to the GRDP growth.

Despite the 3.3% decrease in the contribution of AHFF sector to the total ARMM GRDP, the sector remained the major driver of the regional economy comprising 56.3% of the total GRDP in 2016. This was followed by the Service and Industry sectors contributing 38.0% and 5.7%, respectively, to the economy of ARMM.

Per capita GRDP in ARMM was estimated at P13,350 in 2016. This was 83.0% lower than the per capita GDP of the Philippines, which was estimated at P78,712, and 2.2% lower than the regional estimate in the previous year.